Form 990 for tax year 2024
Filed by SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $745,595
- Total expenses
- $802,383
- Contributions and grants received
- $529,212
- Grants paid
- $733,254
- Program service revenue
- $0
- Investment income
- $217,913
- Other revenue
- -$1,530
- Total assets, end of year
- $5,368,009
- Total liabilities, end of year
- $77,253
- Net assets or fund balances, end of year
- $5,290,756
- Program services expenses (Part IX)
- $733,254
- Management and general expenses
- $69,129
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $733,254
Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$29,900
-
1f · All other contributions, gifts and grants
$499,312
-
3 · Investment income
total $190,464 · excluded $190,464
-
7a · Gross sales of assets other than inventory
securities $1,267,660
-
7b · Less cost or other basis and sales expenses
securities $1,240,211
-
7c · Gain or loss
securities $27,449
-
7d · Net gain or loss
total $27,449 · excluded $27,449
-
8a · Fundraising events: gross income
$20,250
-
8a · Fundraising events: contributions included on line 1c
$29,900
-
8b · Fundraising events: direct expenses
$21,780
-
8c · Net income from fundraising events
total -$1,530 · excluded -$1,530
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $733,254 · program services $733,254
-
11c · Fees: accounting
total $12,700 · management and general $12,700
-
11f · Fees: investment management
total $46,450 · management and general $46,450
-
13 · Office expenses
total $8,961 · management and general $8,961
-
23 · Insurance
total $1,018 · management and general $1,018
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,450,568 · end of year $1,422,353
-
3 · Pledges and grants receivable
beginning of year $356,523 · end of year $201,200
-
11 · Investments: publicly traded securities
beginning of year $3,468,618 · end of year $3,744,456
-
17 · Accounts payable and accrued expenses
beginning of year $56,253 · end of year $77,253
-
27 · Net assets without donor restrictions
beginning of year $545,404 · end of year $693,878
-
28 · Net assets with donor restrictions
beginning of year $4,674,052 · end of year $4,596,878
Mission and programs · 2024
Mission
THE SMCC FOUNDATION'S PURPOSE IS TO PROMOTE, ENCOURAGE AND SUPPORT, FINANCIAL AND OTHERWISE, ALL EDUCATIONAL ACTIVITIES AT SMCC.
Activities or mission (Part I)
THE SMCC FOUNDATION'S PURPOSES ARE TO PROMOTE, ENCOURAGE AND SUPPORT, FINANCIAL AND OTHERWISE, ALL EDUCATIONAL ACTIVITIES AT SMCC.
-
PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS AT SOUTHERN MAINE COMMUNITY COLLEGE AND OTHER GRANTS TO THE COLLEGE.
Expenses $733,254 · Grants $733,254
As filed on the 2024 return.
Listed in Part VII
-
Judith BorelliJUDITH BORELLI
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ed GilmanED GILMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Marty MaddenMARTY MADDEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael MooreMICHAEL MOORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sarah CoombsSARAH COOMBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan CoyneDAN COYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica DrevesJESSICA DREVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregg FrameGREGG FRAME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marie HerdanMARIE HERDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris JoyceCHRIS JOYCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John LemieuxJOHN LEMIEUX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David PrattDAVID PRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh RenyJOSH RENY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kristen MillerDR KRISTEN MILLER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Matt RichardsMATT RICHARDS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
SMCC
$0
SCHOLARSHIPS
-
SMCC
$0
SMCC PROGRAMS & CAPITAL GRANTS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523529349300117
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